The Rossoneri official has explained that there will be no more new signings unless the club manages to trim Massimiliano Allegri's playing squad
AC Milan CEO Adriano Galliani has expressed his admiration for Fernando but says there is little chance of the Porto midfielder arriving at San Siro.
The 26-year-old Brazilian has reportedly attracted the interest of the struggling Rossoneri, as well as Serie A rivals Napoli and Premier League outfit Liverpool.
However, after landing Keisuke Honda on a free transfer from CSKA Moscow, Galliani is not anticipating any more arrivals at Milanello before the end of the month, explaining that the club's current focus is on reducing the size of Massimiliano Allegri's squad.
"Fernando? There is nothing in particular there," he told reporters. "We follow a lot of players but there are no negotiations at an advanced stage.
"Certainly, we are talking about a good player. The rule is, however, that nobody leaves and nobody comes in. Right now, we have 30 players, so we must try to thin out the squad."
Milan are currently languishing in 11th place in Serie A, although spirits have been lifted by Monday's 3-0 win over Atalanta.